Fiserv: the sell signal eases in its tenth week
Fiserv closes flat (+0.4%) as the sell signal keeps losing conviction
Fiserv: the sell signal eases in its tenth week
Our view last week
Money flow on Fiserv has turned negative again after a brief buying spell, and the week closed down 3.6%: in this week's technical analysis, the sell signal, now in its ninth week, is tightening its grip again after the previous two weeks' bounce. The double bottom in the 47 area is still holding, but sellers are back in control of the tape and the trend, still very strong, is losing conviction. The short is up 8.82%.
This week's summary
Money flow on Fiserv has turned slightly positive again and the week closed essentially flat, up just 0.4% after the previous week's sharp drop. The sell signal, now in its tenth week, keeps losing steam: the ADX is fading further and momentum is easing, while sellers stay in control but with less room. The short remains well in profit, above 8%.
IQS Phase
70
in tension
Signal Strength
21
decline losing steam
Sizing
MINIMUM
Ranking
#98 / 140
US stocks
Trade P&L %
+8.49%
from signal to today
restricted Platinum content